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Friday, October 03, 2014 4:34:53 PM
I have a very good idea as to what to expect next week and how the share price will react.
There are number of AMBS "whales" who aren't going to like what happens to the share price next week.
I never thought the share price could go below .06 again but I have reasonable expectation that it will happen.
As I stated before it wouldn't surprise me if L.P.C. is actually shorting shares through an affiliate knowing that they can potentially buy shares for as low as four cents to cover.
The additional one billion shares are there for a reason and it's not to prevent a hostile takeover.
Remember there were millions of shares bought above .10 that are now being held at a loss and the holders of those shares will sell into any upward movement on the share price in an attempt to minimize their losses.
Interesting week ahead.
p.s. I have a target price.
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